CONFIDENTIAL SALE
FOR SALE
21/09/23
600032
154231 / Rightbiz
The Company provides haulage services, utilising a fleet of articulated and rigid moffett and tail-lift vehicles up to 26 tonnes.
In addition, the company operates a commercial garage through which it provides vehicle servicing, repairs and MOTs for cars, motorbikes and vans. This enables it to cater to a broader range of clients, ranging from commercial organisations to the general public, whilst also removing the requirement to outsource maintenance for its own fleet.
The shareholders are offering the business for sale to facilitate their retirement.
Offers invited.
Key Highlights
- Additional services provided by the company include vehicle and trailer hire, and warehousing.
- All drivers hold ADR and Moffett licences, with the Company also licensed as a waste carrier.
- Caters to 56 commercial clients in total, receiving a high volume of repeat business from 95% of clients, with some client relationships spanning 20 years.
- Experienced team in place to manage garage operations post-sale, with one of the Directors happy to remain in their position as Transport Manager for a handover period.
- Operates from leasehold premises.
- Well placed to explore opportunities in the general haulage and waste management sectors, both of which are expected to grow considerably over the next few years.
Financial Highlights
- Company 1 achieved a turnover of £754k in YE23, with an adjusted EBITDA of £116k.
- Company 2’s turnover reached £327k in YE22, with an adjusted EBITDA of £223k
- Company 1 has a gross profit margin of 55%, with Company 2‘s reaching 41%.
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Do not share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Send a test amount before you consider handing over a large amount of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
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